Bloomberg, 2017: "Investing in the burgeoning world of initial coin offerings may be even riskier than it appears. SEC warned of possible regulatory scrutiny earlier this year. In a recent analysis of 65 of the biggest digital tokens from ICOs as measured by market value, almost 75 percent were found to have a medium to high probability of being regulated as a security, according to database operator and researcher Token Report.

Bloomberg, 2017: "Investing in the burgeoning world of initial coin offerings may be even riskier than it appears. SEC warned of possible regulatory scrutiny earlier this year. In a recent analysis of 65 of the biggest digital tokens from ICOs as measured by market value, almost 75 percent were found to have a medium to high probability of being regulated as a security, according to database operator and researcher Token Report.